Verify Your Income Tax Return
If you’re only going to fill your income tax return then let us clear that filing procedure isn’t enough unless you haven’t verified it. Only verified income tax return will be considered as a complete process. You have two ways to verify, first offline and second is online.
When you file your ITR, you can download ITR-V (affirmation form). Manually you need to sign ITR V and Income tax department’s Centralized Processing Centre (Bengaluru) is the place where you need to send it within 120 days from the date of uploading your income tax return. From e-filling account, you can get the ITR-V form. Make sure to send your ITR-V’s signed copy either by post only. When it is gotten, you will get the affirmation message. You can likewise check the status on the web.
There are different alternatives through which you can e-check your income tax return. If the filing is documented utilizing a digital signature endorsement (DSC) or e-confirmed through electronic verification code (EVC), at that point you don't have to send a manually signed duplicate of ITR to CPC. While you need a DSC for signing your ITR via the web which includes some significant pitfalls, e-checking return through EVC choices are entirely free. These choices incorporate e-confirmation either through net-banking, demat account number or via Aadhar card number.
If you want to e-verify you ITR via net banking then you should fill up your credentials into net banking account and tap on the alternative, Income Tax e-filling to your e-filling account. From that point onward, navigate to ‘My Account’ menu and hit on ‘e-verify return’. On the right-hand side you will see the option of ‘e-verify’, click on that so you can verify the return of the respective assessment year.
In case you want to e-confirm return other than via net banking, you should create an EVC, which you will get on your mobile number (your number should hold registration with your bank account). Well, first you should pre-approve or validate your bank or demat account number. To pre-validate your account, step ahead to ‘profile settings’ and pick you bank or demat account which you need to pre-validate.
It’s essential to provide information such as name of the bank, account number, mobile number, IFSC code and email address so you can easily validate your bank account, similarly if you want to do same for demat account then you will need to give depositary type, depository participant ID, client ID, email- ID and your mobile number. The other alternative is to e-confirm the ITR by producing an OTP (One Time Password) via Aadhaar. For this situation, an OTP will be sent on your registered mobile number enrolled with the Aadhaar database. Ideally, you should attempt to e-check the ITR, as it gives you a quick affirmation of ITR confirmation. It likewise assists the preparing of return and getting a tax refund (if any).